EHang (NASDAQ:EH) Shares Up 4.2%

Shares of EHang Holdings Limited (NASDAQ:EH) shot up 4.2% during trading on Thursday . The stock traded as high as $14.98 and last traded at $14.95. 150,168 shares traded hands during trading, a decline of 87% from the average session volume of 1,140,530 shares. The stock had previously closed at $14.35.

Wall Street Analyst Weigh In

Several research firms have issued reports on EH. UBS Group began coverage on EHang in a report on Wednesday. They issued a “buy” rating and a $22.00 price target on the stock. Morgan Stanley began coverage on EHang in a research report on Monday, May 6th. They set an “overweight” rating and a $27.50 target price on the stock.

EHang Price Performance

The company has a debt-to-equity ratio of 0.07, a current ratio of 1.97 and a quick ratio of 1.69. The firm has a market cap of $939.25 million, a price-to-earnings ratio of -23.94 and a beta of 1.01. The stock’s fifty day moving average price is $13.40 and its 200-day moving average price is $14.93.

EHang (NASDAQ:EH) last posted its quarterly earnings data on Thursday, August 22nd. The company reported ($0.14) earnings per share for the quarter. The firm had revenue of $14.04 million for the quarter. EHang had a negative return on equity of 145.90% and a negative net margin of 176.72%. During the same quarter last year, the firm posted ($0.18) EPS. Equities research analysts predict that EHang Holdings Limited will post -0.41 EPS for the current fiscal year.

Institutional Investors Weigh In On EHang

Hedge funds have recently bought and sold shares of the business. Comerica Bank lifted its position in EHang by 685.1% in the 1st quarter. Comerica Bank now owns 1,264 shares of the company’s stock worth $26,000 after buying an additional 1,103 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in shares of EHang by 13.1% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 37,519 shares of the company’s stock worth $510,000 after acquiring an additional 4,353 shares in the last quarter. DNB Asset Management AS boosted its position in EHang by 24.9% during the second quarter. DNB Asset Management AS now owns 40,992 shares of the company’s stock valued at $557,000 after purchasing an additional 8,174 shares during the last quarter. Vanguard Group Inc. grew its stake in EHang by 0.5% in the first quarter. Vanguard Group Inc. now owns 1,563,754 shares of the company’s stock valued at $32,166,000 after purchasing an additional 8,228 shares in the last quarter. Finally, Jump Financial LLC acquired a new position in EHang in the 4th quarter worth about $177,000. 94.03% of the stock is owned by hedge funds and other institutional investors.

EHang Company Profile

EHang Holdings Limited operates as an autonomous aerial vehicle (AAV) technology platform company in the People's Republic of China, East Asia, West Asia, Europe, and internationally. It designs, develops, manufactures, sells, and operates AAVs, as well as their supporting systems and infrastructure for various industries and applications, including passenger transportation, logistics, smart city management, and aerial media solutions.